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$1.8B: CommBank's China exit | Milklab = Freedom Foods' new boo | EU ban on Russian media to include online platforms & apps
$1.8B: CommBank's China exit | Milklab = Freedom Foods' new boo | EU ban on Russian media to include online platforms & apps

CommBank is ramping up its exit of Asia after announcing the sale of a 10% stake in Bank of Hangzhou (in eastern China) for $1.8B.

 

Noumi (FKA Freed…

4 years, 3 months ago

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Zip Co snapping up rival | BP ditches Russia | Zendesk's $4B Survey Monkey fail
Zip Co snapping up rival | BP ditches Russia | Zendesk's $4B Survey Monkey fail

Aussie BNPL Zip Co has announced its plans to buy US BNPL Sezzle - as the industry continues to see mass consolidation.

 

BP is preparing for a $35 b…

4 years, 3 months ago

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Russia banned from financial system | The Australian launching youth site | Afterpay-owner wants to be the 'super app'
Russia banned from financial system | The Australian launching youth site | Afterpay-owner wants to be the 'super app'

The US, UK and EU have announced a plan to isolate Russia from the international financial system.

 

To attract a younger audience, The Australian ne…

4 years, 3 months ago

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Qantas blames Omicron for $1.3B loss | 750 jobs on the line - Probuild on its knees | Spotify launches physical product
Qantas blames Omicron for $1.3B loss | 750 jobs on the line - Probuild on its knees | Spotify launches physical product

Qantas says Omicron set its recovery back by six months - after reporting a $1.3B underlying loss for the last 6 months.

 

Major Aussie construction …

4 years, 3 months ago

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Down 25% since IPO: Step One brings on NBA star to lift sales | Domino's new range to offset inflation cheese pain | Volkswagen may sell Porsche
Down 25% since IPO: Step One brings on NBA star to lift sales | Domino's new range to offset inflation cheese pain | Volkswagen may sell Porsche

Shares in Aussie underwear company Step One are down around 25% since its IPO, so now it’s bringing in the big (NBA) guns to attract US-based custome…

4 years, 3 months ago

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Share market volatility! Thanks Russia | $20M: Mad Paws buys pet meds biz | Legend investor fights for pigs against Maccas
Share market volatility! Thanks Russia | $20M: Mad Paws buys pet meds biz | Legend investor fights for pigs against Maccas

ASX-listed Mad Paws will pay $20m to buy online pet medication and healthcare products business Pet Chemist.

 

Share market investors have been braci…

4 years, 3 months ago

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AGL rejects Atlassian founder's takeover bid | Westpac releases Square rival | Hermes belted by production caps
AGL rejects Atlassian founder's takeover bid | Westpac releases Square rival | Hermes belted by production caps

Energy giant AGL has rejected an unsolicited takeover bid by Atlassian founder Mike Cannon-Brookes and investment company Brookfield.

 

Westpac is br…

4 years, 3 months ago

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$181M for Aussie star Employment Hero | NZ Rugby's All Blacks up for sale | Nvidia arrives in boom town
$181M for Aussie star Employment Hero | NZ Rugby's All Blacks up for sale | Nvidia arrives in boom town

Aussie HR platform Employment Hero has raised $181 million at a $1.25 billion valuation - with some of the funds going towards its first-ever acquisi…

4 years, 3 months ago

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Disney expands into residential property | Telstra shares = a yo-yo | Spotify eats 2 more companies
Disney expands into residential property | Telstra shares = a yo-yo | Spotify eats 2 more companies

To capitalise on its love from fans, Disney is expanding beyond theme parks and entertainment to design residential communities in the US.

 

Spotify …

4 years, 3 months ago

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Aussie miner's big Tesla deal | Penfolds owner smashed by China tariffs | Airbnb loving remote work
Aussie miner's big Tesla deal | Penfolds owner smashed by China tariffs | Airbnb loving remote work

Australian lithium miner, Liontown Resources, has secured a 5 year deal with Tesla to supply 100,000 tonnes of lithium per year.

 

Treasury Wine Esta…

4 years, 3 months ago

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